News
Albuquerque Housing Project Advances with Phase 2
The Highlands is a 12-acre master-planned development featuring eight components, including two residential communities, a Marriott SpringHill Suites Hotel and more than 40,000 square feet of retail and dining.
Western Wealth Capital Acquires Phoenix Community
HFF arranged a $21 million loan on behalf of the buyer to purchase Serafina at South Mountain Apartments, a 183-unit property that was 99 percent leased at the time of sale.
Birmingham Community Changes Hands
An out-of-state investor purchased the 74-unit Class C garden-style multifamily asset—its first acquisition in the metro—for nearly $3 million.
Beachwold Secures $38M in Loans for Georgia, Orlando Deals
The multifamily investor acquired a 76-unit community in suburban Savannah and refinanced existing debt on a 400-unit property in Orlando. Both assets are located near major universities.
Fannie Mae: One-Third of Americans Can’t Find Affordable Housing Near Work
In a poll conducted by research firm Penn Schoen Berland for the government-sponsored enterprise, most Americans reported that they struggled to find affordable housing options in areas they desired.
Passco Grows Houston-Area Portfolio
The Grayson in Spring, Texas, traded for the first time since it came online in 2016. KeyBank Real Estate Capital arranged acquisition financing on behalf of the new owner.
OH Community Sells for $15M
Link Real Estate Group acquired the 432-unit property in Franklin County that last traded in 2010. Income Property Organization brokered the deal.
Senior Housing Affordability Crisis Looms
A new report by the National Investment Center for Seniors Housing & Care finds that 54 percent of middle-income elderly won’t be able to pay for assisted living and out-of-pocket medical costs by 2029.
Greystar Expands in NYC with $240M Buy
The company acquired a 266-unit community situated near retailers, restaurants, entertainment venues, job hubs and public transit nodes in Manhattan’s NoMad neighborhood.
NXT Capital Provides $61M Refi for Dallas Property
The 400-unit community is located in the city’s Design District and is just one of several financing transactions secured by the Chicago-based firm in the busy Dallas-Fort Worth multifamily market in recent months.